33,793 Shares in Sally Beauty Holdings, Inc. $SBH Acquired by State of Wyoming

State of Wyoming acquired a new stake in Sally Beauty Holdings, Inc. (NYSE:SBH) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 33,793 shares of the specialty retailer’s stock, valued at approximately $478,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of SBH. Mariner LLC grew its holdings in shares of Sally Beauty by 6.1% during the fourth quarter. Mariner LLC now owns 15,400 shares of the specialty retailer’s stock worth $220,000 after purchasing an additional 890 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Sally Beauty by 0.6% in the fourth quarter. Russell Investments Group Ltd. now owns 183,249 shares of the specialty retailer’s stock valued at $2,613,000 after buying an additional 1,081 shares during the last quarter. Versant Capital Management Inc lifted its position in Sally Beauty by 27.2% during the 2nd quarter. Versant Capital Management Inc now owns 5,096 shares of the specialty retailer’s stock worth $72,000 after buying an additional 1,089 shares in the last quarter. B. Metzler seel. Sohn & Co. AG lifted its position in Sally Beauty by 1.7% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 89,257 shares of the specialty retailer’s stock worth $1,273,000 after buying an additional 1,477 shares in the last quarter. Finally, CWM LLC grew its holdings in Sally Beauty by 11.3% during the 4th quarter. CWM LLC now owns 14,693 shares of the specialty retailer’s stock worth $210,000 after acquiring an additional 1,490 shares during the last quarter.

Sally Beauty Trading Down 1.2%

SBH opened at $16.23 on Tuesday. The firm’s fifty day moving average is $14.78 and its two-hundred day moving average is $14.45. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.57 and a current ratio of 2.37. The firm has a market cap of $1.52 billion, a PE ratio of 8.45 and a beta of 1.03. Sally Beauty Holdings, Inc. has a twelve month low of $11.54 and a twelve month high of $17.92.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Monday, August 3rd. The specialty retailer reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Sally Beauty had a net margin of 5.16% and a return on equity of 24.36%. The company had revenue of $935.49 million for the quarter, compared to analysts’ expectations of $938.45 million. During the same period last year, the firm posted $0.51 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. Sally Beauty has set its FY 2026 guidance at 2.040-2.080 EPS. Equities research analysts anticipate that Sally Beauty Holdings, Inc. will post 2.07 EPS for the current year.

Insider Transactions at Sally Beauty

In other Sally Beauty news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $12.70, for a total value of $543,191.70. Following the completion of the transaction, the chief financial officer directly owned 138,145 shares of the company’s stock, valued at approximately $1,754,441.50. The trade was a 23.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

SBH has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of Sally Beauty from $16.00 to $13.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. Weiss Ratings upgraded shares of Sally Beauty from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. TD Cowen increased their price target on shares of Sally Beauty from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Finally, Wall Street Zen cut shares of Sally Beauty from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.40.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc is a leading global specialty retailer and distributor of professional beauty supplies, serving both retail customers and salon professionals. The company operates two primary channels: Sally Beauty Supply, which offers a broad assortment of hair color, hair care, styling, and skincare products; and Beauty Systems Group (BSG), which provides salon-quality products and supplies to professional stylists and salon owners. With a focus on catering to diverse customer needs, Sally Beauty offers well-known brands alongside private label lines, positioning itself as a one-stop source for beauty professionals and enthusiasts alike.

Founded in 1964 and headquartered in Denton, Texas, Sally Beauty has grown through a combination of organic expansion and strategic acquisitions.